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Marvell Technology - MRVL Stock Forecast, Price & News

$55.16
+2.51 (+4.77%)
(As of 08/18/2022 01:16 PM ET)
Add
Compare
Today's Range
$52.69
$55.79
50-Day Range
$42.55
$58.22
52-Week Range
$41.07
$93.85
Volume
388,656 shs
Average Volume
9.23 million shs
Market Capitalization
$46.88 billion
P/E Ratio
N/A
Dividend Yield
0.44%
Price Target
$83.41

Marvell Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
50.7% Upside
$83.41 Price Target
Short Interest
Healthy
1.99% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.78mentions of Marvell Technology in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$3.23 M Sold Last Quarter
Proj. Earnings Growth
28.40%
From $1.69 to $2.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.01 out of 5 stars

Business Services Sector

14th out of 344 stocks

Semiconductors & Related Devices Industry

9th out of 97 stocks

MRVL stock logo

About Marvell Technology (NASDAQ:MRVL) Stock

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Susquehanna Bancshares cut their price objective on Marvell Technology from $105.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, May 25th. B. Riley cut shares of Marvell Technology from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $75.00 to $63.00 in a report on Wednesday, June 15th. Morgan Stanley dropped their target price on shares of Marvell Technology from $68.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, June 10th. UBS Group decreased their price target on Marvell Technology from $95.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, May 23rd. Finally, StockNews.com cut shares of Marvell Technology from a "hold" rating to a "sell" rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.41.

Marvell Technology Trading Down 3.1 %

Shares of MRVL opened at $52.65 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.29. The stock has a market cap of $44.75 billion, a PE ratio of -86.31, a PEG ratio of 2.14 and a beta of 1.46. Marvell Technology has a 1 year low of $41.07 and a 1 year high of $93.85. The stock has a 50 day simple moving average of $50.00 and a 200-day simple moving average of $59.32.

Marvell Technology (NASDAQ:MRVL - Get Rating) last released its quarterly earnings data on Thursday, May 26th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Marvell Technology had a positive return on equity of 6.92% and a negative net margin of 9.82%. The business's revenue for the quarter was up 73.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. On average, sell-side analysts predict that Marvell Technology will post 1.69 EPS for the current fiscal year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Friday, July 8th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, July 7th. Marvell Technology's dividend payout ratio is currently -39.34%.

Insider Activity

In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the firm's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $60.10, for a total value of $1,803,000.00. Following the completion of the sale, the chief executive officer now owns 672,052 shares in the company, valued at approximately $40,390,325.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marvell Technology news, CEO Matthew J. Murphy sold 30,000 shares of the company's stock in a transaction on Friday, May 27th. The stock was sold at an average price of $60.10, for a total transaction of $1,803,000.00. Following the transaction, the chief executive officer now owns 672,052 shares of the company's stock, valued at approximately $40,390,325.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dan Christman sold 14,000 shares of Marvell Technology stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $57.28, for a total value of $801,920.00. Following the completion of the sale, the executive vice president now directly owns 92,203 shares of the company's stock, valued at $5,281,387.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,384 shares of company stock worth $3,230,310. 0.45% of the stock is owned by corporate insiders.

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MRVL Stock News Headlines

Skyworks Solutions Is Worth A Look At These Prices  (MRVL)
Skyworks Solutions is an often overlooked name in the semiconductor industry but it's one that income investors should have on their watchlist.
Marvell Technology (NASDAQ:MRVL) PT Lowered to $60.00
MRVL September 2nd Options Begin Trading
Expert Ratings for Marvell Tech
Marvell: Impending Weakness Likely Priced In
'Paper' Trade: We're Swapping Bullpen Stocks
See More Headlines
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MRVL Company Calendar

Last Earnings
5/26/2022
Ex-Dividend for 7/27 Dividend
7/07/2022
Dividend Payable
7/27/2022
Today
8/18/2022
Next Earnings (Confirmed)
8/25/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MRVL
CUSIP
G5876H10
Employees
6,729
Year Founded
1995

Price Target and Rating

Average Stock Price Forecast
$83.41
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+51.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
30 Analysts

Profitability

Net Income
$-421,030,000.00
Pretax Margin
-6.47%

Debt

Sales & Book Value

Annual Sales
$4.46 billion
Cash Flow
$2.75 per share
Book Value
$18.61 per share

Miscellaneous

Free Float
846,075,000
Market Cap
$46.88 billion
Optionable
Optionable
Beta
1.46

Social Links















MRVL Stock - Frequently Asked Questions

Should I buy or sell Marvell Technology stock right now?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last year. There are currently 4 hold ratings and 26 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRVL shares.
View MRVL analyst ratings
or view top-rated stocks.

What is Marvell Technology's stock price forecast for 2022?

30 brokers have issued 12 month price targets for Marvell Technology's shares. Their MRVL share price forecasts range from $55.00 to $125.00. On average, they expect the company's stock price to reach $83.41 in the next year. This suggests a possible upside of 58.4% from the stock's current price.
View analysts price targets for MRVL
or view top-rated stocks among Wall Street analysts.

How have MRVL shares performed in 2022?

Marvell Technology's stock was trading at $87.49 on January 1st, 2022. Since then, MRVL stock has decreased by 39.8% and is now trading at $52.65.
View the best growth stocks for 2022 here
.

When is Marvell Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our MRVL earnings forecast
.

How can I listen to Marvell Technology's earnings call?

Marvell Technology will be holding an earnings conference call on Thursday, August 25th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "2421301".

How were Marvell Technology's earnings last quarter?

Marvell Technology, Inc. (NASDAQ:MRVL) released its earnings results on Thursday, May, 26th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. The semiconductor company earned $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Marvell Technology had a positive trailing twelve-month return on equity of 6.92% and a negative net margin of 9.82%. The business's revenue for the quarter was up 73.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS.

How often does Marvell Technology pay dividends? What is the dividend yield for Marvell Technology?

Marvell Technology announced a quarterly dividend on Thursday, June 2nd. Investors of record on Friday, July 8th will be paid a dividend of $0.06 per share on Wednesday, July 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, July 7th.
Read our dividend analysis for MRVL
.

Is Marvell Technology a good dividend stock?

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.44%.
Read our dividend analysis for MRVL.

What guidance has Marvell Technology issued on next quarter's earnings?

Marvell Technology updated its second quarter 2023 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of $0.53-$0.59 for the period, compared to the consensus EPS estimate of $0.55. The company issued revenue guidance of $1.47 billion-$1.56 billion, compared to the consensus revenue estimate of $1.49 billion.

What is Matt Murphy's approval rating as Marvell Technology's CEO?

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Marvell Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

What is Marvell Technology's stock symbol?

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology's major shareholders?

Marvell Technology's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (14.69%), Price T Rowe Associates Inc. MD (4.29%), State Street Corp (2.18%), Brown Advisory Inc. (1.46%), Allianz Asset Management GmbH (1.43%) and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.91%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Oleg Khaykin, Richard Hill, Willem A Meintjes and Willem A Meintjes.
View institutional ownership trends
.

How do I buy shares of Marvell Technology?

Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Marvell Technology's stock price today?

One share of MRVL stock can currently be purchased for approximately $52.65.

How much money does Marvell Technology make?

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $44.75 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421,030,000.00 in net income (profit) each year or ($0.61) on an earnings per share basis.

How many employees does Marvell Technology have?

The company employs 6,729 workers across the globe.

Does Marvell Technology have any subsidiaries?
The following companies are subsidiares of Marvell Technology: Aquantia, Aquantia (Cayman) Ltd., Aquantia B.V., Aquantia C.V., Aquantia Corp., Aquantia Czech s.r.o , Aquantia Japan G.K., Aquantia LLC, Aquantia Rus LLC, Aquantia Semiconductor India Pvt Ltd, Aquantia Technology B.V., Avago - Printer ASICs, Avera, Avera Semiconductor LLC, Cavium, Cavium India Holdings LLC, Cavium International, Cavium LLC, Cavium Networks (India) Private Limited, Cavium Networks Asia, Cavium Networks International, Cavium Networks International Inc., Cavium Networks LLC, Cavium Networks Singapore Pte. Ltd., Cavium Semiconductor Technology (Shanghai) Co. Ltd., Cavium Taiwan Ltd., Cavium UK Ltd., Diseño de Sistemas en Silicio, Galileo Technology, Iamba Networks, Inphi, Kinoma Inc., Marvell Asia Pte Ltd, Marvell Hong Kong Limited, Marvell India Private Limited, Marvell International Ltd., Marvell International Technology Ltd., Marvell Israel (M.I.S.L) Ltd., Marvell Italia S.r.l., Marvell Japan K.K., Marvell Netherlands B.V., Marvell Semiconductor Canada Inc., Marvell Semiconductor Germany GmbH, Marvell Semiconductor Inc., Marvell Semiconductor Korea Ltd., Marvell Semiconductor Ltd., Marvell Semiconductor Sdn. Bhd., Marvell Semiconductor Technology S.a.r.l., Marvell Software Solutions Israel, Marvell Switzerland S.a.r.l., Marvell Taiwan Ltd., Marvell Technology (Beijing) Ltd., Marvell Technology (Chengdu) Ltd., Marvell Technology (Nanjing) Ltd., Marvell Technology (Shanghai) Ltd., Marvell Technology Denmark ApS, Marvell Technology Inc., Marvell Technology Japan Y.K., Marvell Technology Sweden AB, Marvell Technology Vietnam LLC, Marvell UK Limited, Marvell World Trade Ltd., NetXen Inc., PT. Marvell Technology Indonesia, PicoMobile Networks, QLGC Limited (Ireland), QLogic Hong Kong Ltd., QLogic India Pvt. Ltd., QLogic International Holdings Inc., QLogic International Ltd., QLogic LLC, QLogic Storage Network Infrastructure (Beijing) Co. Ltd., QLogic Switch Products LLC, SysKonnect, Utopia Capital Holdings Ltd., and Xelerated.
Read More
When was Marvell Technology founded?

Marvell Technology was founded in 1995.

How can I contact Marvell Technology?

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.

This page (NASDAQ:MRVL) was last updated on 8/18/2022 by MarketBeat.com Staff

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